Stock trading can be a high-stakes game. Some days, you may enjoy the benefits of positive and satisfactory numbers. On other days, however, the opposite may happen and it could be very difficult to return to the point you were at your most productive. If you’re constantly stuck in the gutter, you will have be aware that relying solely on pure instinct and preservation is not always enough.
If you’ve suffered loss from time to time You’ll need sound advice from tried-and-tested trading experts. Additionally, you’ll require a significant boost from your trading partners from all over the world, which is why we’ve discovered an option that can help you in your growth in the market. In this review, we’ll be taking a look at Profit.ly A well-respected single-stop social platform to trade!
For those of you who prefer a more visual experience, here is a video review from Mark Gossage’s YouTube channel. Do check out our article below, however, because it has a comprehensive overview of Profit.ly.
Overall Rating: 4.1/5 Penny Stock Ipo
Users Experience 4.5/5
Profit.ly is an online trading platform that permits traders of all levels to be informed, transparent, accountable, and encouraging one another through its wide variety of tools and features such as chat rooms, trade verification, and an enriched library of educational material.
How do I define Profit.ly?
Profit.ly is a trading site that functions as a learning and training platform for traders new to trading as well as a place for traders who are experienced to monitor their performance using the aid of advanced analytics tools. It provides users with a vast array of options to facilitate trade and communication that help traders from every field of business connect with one another. It gives the gurus worthwhile investments within the confines that the site. Think of it as a social media site akin the likes of Facebook and Reddit but with a focus on experts and traders.
Profit.ly independently checks the performance of trades and then publishes the information from them in the form of leaderboards. The platform’s trading model is based on trust and transparency. it guarantees that the trades are valid and won’t allow for fraud as much as possible. It was established many years ago by penny stock trade expert and investment expert Timothy Sykes, along with the other expert Michael Mosseri.
In an interview with Forbes magazine Sykes said that Profit.ly was based “on showing every trade, something that was never done before.” This idea, he added, served two goals: 1.) creating public track records for all traders, not just the gurus as well as students and newsletter writers, and 2) allowing everyone on the platform to be enlightened by the losses and wins to benefit the industry of trading. Penny Stock Ipo
How Does It How Does It
Profit.ly is a subscription-based platform that allows stock traders to gain access to a multitude of services and features geared at achieving achievement. You may set up an account at no cost, however you’re limited to access to the leaderboard and follow the activities of people who aren’t gurus. If you’re ready to invest your money and see which stocks the gurus are trading in real-time, you will need to sign up to one of Profit.ly’s offers that we’ll go over shortly.
The process of opening an account is easy: create a profile with your experiences and expertise, connect to your brokerage account, and you’ll have a chance to shoot through high on the leaderboard. Profit.ly’s leaders’ board feature as previously mentioned, is designed to give its users a glimpse of the performance of the trading community and its experts. You’re not just allowed to demonstrate that you’re worthy to the group of traders, as you can also utilize Profit.ly to buy with a guru, and have the confidence that you are confident of their knowledge and the veracity of their claims.
If you feel uneasy with the idea of sharing your brokerage account, you can decide to share your trades, either verified or otherwise, through pictures. Included in Profit.ly is the huge selection of courses in trading, the ability to view statistics on a person’s profile and other methods to communicate with your gurus in the chatroom, in addition to email and text alerts as well as updates.
Meet the Founder: Tim Sykes
Timothy Sykes is a well-renowned day trader who has been famously known for delving his hands into penny stock trading. According to Investopedia the term “penny stock” refers to a small company’s stock that trades for under $5 for each share. The penny stock market can be seen as a stepping stone for small companies to move into a larger market because it gives them access to capital from the public. However, don’t get it wrong – it can also be an extremely risky game, as Sykes is sure to reveal thanks to his years of expertise.
Since his initial beginnings in the latter years of High School, Tim Sykes has, since then, made more than $6 million in profit during his long and successful career as trading professional. At 25 years old, he had been given greater exposure and an even wider impact when he was a part of the reality TV show “Wall Street Warriors.” Then, he made use of the show to create trading rooms as well as penny stock themes and educational material aimed at those who are new to the trading field. He also helped to establish Profit.ly as a platform for openness, and to allow the community to rise and compete on the platform.
The Profit.ly Gurus
One of Profit.ly’s most appealing features is the vast array of learning resources, trade alerts, and other useful stuff offered by the company’s internal gurus. These gurus refer to the trading experts who have made significant amounts of profit through their years of knowledge. Penny Stock Ipo
At its height, Profit.ly had housed up to five gurus, all of them a professional within their particular field in the trading industry. Some of the prominent gurus included Connor Bruggermann, Nathan Michaud of Investors Underground, and Triforce among others. At the time of writing, there are only two gurus who remain on this platform: the founder of the penny stock market Tim Sykes and veteran smallcap swing trader Paul Scolardi, also known as Superman. When we take that into account, let’s take a look at what packaged deals each guru can offer.
From Tim Sykes Tim Sykes: Tim’s Alerts
Sykes provides basic stock trading services that focuses on penny-priced day trading with Tim’s Alerts. Costing $74.95 per month, you’ll be able to observe him focus on fundamental stock catalysts and use them to predict the next move that is possible when trading.
A purchase on its own in Tim’s Alerts will get you access to the chatroom and the mobile app available on iOS and Android devices; text, e-mail, and push alerts; and a daily stock watchlist.
Tim Sykes: From Tim Sykes: The Pennystocking Silver Package
Pennystocking Silver is the highest-quality version, with an upgraded version of Tim’s Alerts package. Priced at $149.95 for a month it is an ideal plan for those who are invested in penny stock trading. Pennystocking Silver offers all the essential features found in prior plans, which includes swing trading alerts as well as unlimited access to an extensive collection of more than 7,000 educational videos that are updated each week.
In “Superman” Paul Scolardi: Superman Alerts
Scolardi, who goes by the name “Superman,” is a trader who has an eye for both small-cap monumental stocks and crazy-accurate marketing forecasts. In the time since he began as a trader, Superman has amassed over $5.5 million in trading profits. Penny Stock Ipo
The Superman Alerts package is his offer of the most essential features and trading alerts geared toward those who may be interested. For $147/month, you’ll get an access to the day-to-day stock watchlist that is premarket and the mobile application, daily market commentary in real-time, and SMS and e-mail alerts.
In “Superman” Paul Scolardi: Superman Pro
For the price of $247, you receive additional features and access to an extensive base of knowledge that is provided by Superman himself, via the Superman Pro package. In addition to the basic features featured in the Alerts plan, Superman Pro gives you weekly video lessons, including a growing library of all other previous ones. In addition you’ll also have the ability to access premium reports on research as well as the IPO or earnings monitor.
Profit.ly plans and costs
If you’re ready to join the online trading community and leave a mark in the industry, Profit.ly has the right amount of resources to get you going. The platform offers three membership levels that cater to traders of different levels. Let’s break down what these three tiers are and how much they’ll cost you.
The package called Novice is Profit.ly’s entry-level plan designed especially for those who are just beginning their journey to the world of trading. When you sign to this plan you’ll be offered a range of strong and indispensable trading tools, each one of them essential in keeping your hands on what we call a competitive process in and of itself.
Some of the features you can do with Profit.ly’s Novice package is the capability to check trades and track profits as well as leading, following and even chatting with other traders; and giving feedback on the trades of today. You’re also allowed to get on leaderboards, analyze the results of your analysis, sort, or filter the trades you make and, finally, see the statistics of other traders.
The Novice plan costs $29.95 per month. Although it might look appealing simply because of the price, there is a downside. You can’t create a private profile, which makes your activities publicly available. If you’re interested in have the benefit of this service, you should stay tuned as we introduce to you Profit.ly’s next plan.
The Trader package allows you to use the majority of features available in The Novice package. In this plan, that you are able to create an account that is private to share with fellow associate users all the insights and knowledge you gain from this trading group.
The price is $49.95/month, Profit.ly’s Trader plan is exactly what it says: Cater people who want to develop their skills in trading. As nice as it seems, there is one significant element that’s missing. In contrast to the Novice package, you won’t be able to view other traders’ statistics this might be a drawback for those anticipating this level. Penny Stock Ipo
This is by far the most premium package that Profit.ly can offer to experienced traders. At $74.95 monthly, and an additional 22% discount for annual billing This plan offers it all. It gives you full, unlimited access to all the options of the previous plans combined.
Not only do you get to view other people’s stats, but you’re also given the option of creating your own private profile. These two features are in addition to the benefits that you can use to their fullest capacity. If you’re looking for an option that gives all the features you need to be a skilled trader, maybe the Pro tier could be ideal for you!
Profit.ly’s Other Services
In addition to the training tools and the Leaderboards Profit.ly provides a variety of additional services that it can offer. One of those is its online store, which allows users to select from a variety of videos designed to inform and provide guidance on the ins and outs of trading. All of the products featured in this section of the website can be bought immediately for your personal use. Some of these include bestsellers like”Trading Tickers,” the “Trading Tickers” series by trader specialist Tim Grittani, Timothy Sykes’s library of DVDs and streaming-only content on penny stocking, short stocking, and other related to trading, videos and scenes from The Annual Pennystocking Conference, and other products by expert traders.
The chat rooms that are integrated are also part of Profit.ly’s array of features and services. You may be familiar with the chat room as you can see it across social and messaging platforms and also on a few specialty websites that provide live chat support. But on Profit.ly, it is seen as a real-time place where gurus and their members trade and learn in real time. Every guru has their own style in operating their chat room and dealing with the members there. Some may be laid back and not very often active, while another may be more active and in touch in their interactions with students. Consider chat rooms like Profit.ly’s version of the forum, in its essence.
Who is the ideal Trader for Profit.ly?
Profit.ly’s variety of offerings and features cater to the wide range of stock traders, from novices to the most experienced. With the variety of deals it has to offer it is certain to have something for every person.
Newbies, for instance, can take advantage of Profit.ly’s library of learning content offered throughout the platform. They will also get daily videos and chat room advice by its internal gurus and their members. They’ll also be able choose from the items from its online store that they can take with them wherever they may travel. They can also gain hands-on experiences by trading through the platform, however they’ll be able to realize that the process is a risky game that should not be viewed as an amusing pastime.
For traders who have decades of experience in the line, we believe Profit.ly as equally as suitable to people who are just beginning. Although the novices might not be as adept at managing trading however, experienced traders know the way it functions and the stack full of risks associated with it. It is ideal to make use of Profit.ly’s array of features to their full advantage to improve their trading skills. As beginners, they are able to learn from the top experts as well as experts, and take advantage of quick tips and tidbits along the way.
Profit.ly’s ‘all-together’ nature does not only apply to beginners as well as semi-seasoned traders. Verified experts can also join in the enjoyment! People in the trade industry who are on the same level as Superman as well as Tim Sykes can also use Profit.ly’s capabilities. Profit.ly’s capabilities to showcase their skill to others as a way to help guide them through the ever-illustrious trading process. Penny Stock Ipo
Profit.ly’s Pros and Pros and
- Profit.ly’s diverse capabilities as a ‘one-stop’ platform for trading stocks allows traders from all over the world with a wealth of education tools, communication, and trading tools
- You will be provided with excellent lessons and advice from the company’s inside experts, as well as libraries of educational videos and live trading activity.
- You’re assured of transparency throughout Profit.ly with precise analytics and fellow traders who are ready to reach you when something goes wrong.
- The platform’s leaderboard feature gives you a way to build your credibility as a trustworthy and authentic trader
- In addition to its primary capabilities, Profit.ly also gives its users extra options to suit their needs, like posting unverifiable trades through images
- Profit.ly’s diverse range of subscription plans and guru packages are priced at a reasonable cost – there truly is something for all
- Profit.ly’s bountiful stream of packages and products offered may be too much for most of its users
- Since traders can choose to open any kind of trade, there’s a possibility that some of them could profit from selecting the best trades in order to increase the rating This could be a concern that should not be simply overlooked
- Profit.ly will not allow refunds, as the premium customers are expected to instantly benefit from the number of features the platform is able to provide
The Final Verdict is: Is Profit.ly worth it?
If we were able to come up with an appropriate answer for this query, it would be an affirmative “yes”. But you need to understand that it shouldn’t be treated as a scheme to get rich quick. The platform was not always intended to be created to achieve this goal. Instead, you should have the ability to think with an open heart. Penny Stock Ipo
What we do mean”yes” is it is a fantastic learning tool. For those who are struggling, they could be able to find Profit.ly’s variety of resources useful when they try their best to avoid losses and perform better than before. Not only poor traders that can benefit from the platform. It can accommodate beginners and even experts!
If you truly care about being more successful in trading and would like to learn from your peers and experts on the way, look no further – Profit.ly may be a great option to begin.
FAQ Penny Stock Ipo
What are the best ways to use Profit.ly to post your trades?
Profit.ly has the option of allowing trade entries under the “My Trade’ category of the dashboard. It lets you post your trades, verifiable or otherwise. You may choose between three options:
- Connecting your account to your brokerage of choice and then importing trades directly from there
- Manually inputting your trades with provided spaces and specifics
- Take a photo of your transactions
How can I tell if the trade is verifiable or not?
If you purchase your trade from a trusted brokerage, there’s an excellent likelihood that it can be verified. This is evident by the small blue check. If you post it manually or through screenshots, it will automatically be classified as unverified.
The drawback of posting an unauthenticated trade is the chance of receiving downvotes from colleagues. Too many downvotes may cause you to be listed on the Madoff leaderboard, which is where the public can see who’s fraudulent in posting trades.
Is the Profit.ly mobile app still available?
As of this writing, Profit.ly is still available to download via the Apple App Store as well as the Google Play store. The mobile app version is compatible with the majority of operating tablets and smartphones.
How many people are currently connected to Profit.ly?
Profit.ly currently houses more than 150,000 traders and investors, as they not only are trying to maximize profits but also help each other grow and learn more about acquiring opportunities in the stock market both right and left.